Needs to close the gap from past run up and test new support around 24.50 then proceed to test resistance again.
In the precious metals mining industry a large part of equity prices reflect the price of gold and silver. But in this herd of mismanaged elephants and lottery tickets, there exists a few properly managed nuggets that are hidden in the piles of wasted ore. Wesdome is one of those companies. When the gold market really takes off investors will eventually...
Ever dream of being part of a swashbuckling pirate adventure in the search for the 'X' on the map? I have an inkling that this year marks the day where we could get lucky. I've marked the initial 'X' on this map but there could be much greater treasures to find for the courageous. Look to the traditional treasures this year, silver, gold, miner's and a fortune...
With divergences setting up on RSI and MACD and with gold failure to follow through on recent strength, taking profits on junior gold miners ($GDXJ) might be reasonable right now AMEX:GDXJ
Time to take short term profits. After some rest we should see monster run (hopefully) $CDE
With the devaluation of currencies globally and negative interest rates plaguing over 25% of sovereign government interest rates, Gold has come back in favor breaking their resistance of $129.00. Broad indexes are at all time highs and fear of devaluing currencies will create a run for a "store of value" trade which can also be perpetuated by a "fear trade" where...
Gold stocks are expensive right now due to the extremely high price of gold. One of the more affordable stocks is Yamana Gold, which has been in a long-term downtrend until it broke trendline resistance a couple days ago. Last week I reported on an upgrade of Yamana's productivity guidance. That guidance upgrade turned out to be a little too optimistic, and...
20 Yr Gold Buy Cycles 1978 & 1998 Gold hit 8.5x v low, $10k Now?
That would be a perfect peak
Good day folks, This is a comparison I made based on my GLD forecast for the next 12 months. I expect GLD to rise by 5 to 10% before year end. I calculated a few ratios and it appears that GDX moves exponentially with gold price (not a discovery I know). Basically, I wasn’t unable to use a distinct ratio, so I just compared their corresponding prices at the...
ABN:TSXV - Aben Resources: a test of support at $0.24 which proved resistance previously, held the up-trending line drawn a few weeks ago now. Watching for the bulls to step up and set a higher daily high after the last 6 sessions have seen lower daily highs, $0.255 is the level to watch. Gold spot prices are breaking back out above $1400USD after a week of...
GLDN:TSXV - Golden Ridge Resources: a slight equilibrium pattern setting up after the recent high of $0.195 was set back on June 24, and so far $0.165 & $0.17 have shown their support while $0.185 has been resistance. The daily and weekly charts have had great consolidation on the move up. Gold spot prices are breaking back out above $1400USD after a week of...
20 Year Gold Cyles - 1978 - 1998 - 2018 each climbed 8.5x vs low
I'm Soooo PUMPED!!! XAU is going to RUN on Large Scale!!!
Looks like Platinum is breaking out today. typically Platinum tracks with GOLD. Platinum hasn't moved higher with GOLD, until now. Hopefully it has a nice big run higher like GOLD did. Platinum ICL. I am trading the Platinum miner PLG to take advantage of this move.
Gold dropped some today, but it's still within the upward parallel channel it's been forming. I expect a gold rally, but keep your stops just below the channel.
GLDN:TSXV - Golden Ridge Resources: After some heavy buying this morning pushing us up to $0.195. The range $0.19 - $0.195 had a bit of history as resistance back in October from the larger down move. That said the chart is still very bullish and with Gold ripping to 5 year highs there are nice tailwinds for continuation. The 50dma is about to cross the 200dma...
ABN:TSXV - Aben Resources: Bulls stepped up, with Gold breaking out to 5 year highs, gold miner bulls, had nice tailwinds to push over resistance. Break out with volume confirmation, after pulling briefly into $0.225 support last week with declining bear volume. The chart is set up beautifully for some continuation upwards. Level 2 has limited orders up till...